Stelios Ieronymides & Associates LLC - Law Office

https://silaw.com.cy/?service=corporate

Our Law Company offers to its clientele extensive experience in corporate and commercial law both in Cyprus and abroad. The favorable tax regime of Cyprus, its extensive network of double tax treaties, its membership in the European Union offers great opportunities for doing business through Cyprus on a worldwide basis and in particular in Central and Eastern Europe and the CIS countries. The firm has extensive experience in advising and assisting corporations to expand in Central and Eastern Europe and the CIS, and Central and Eastern European corporations to expand in other parts of the world, including the EU. Our office can play a key role in this respect.

Please do not hesitate to contact us in order to receive our prices.
We can assist for the following
Companies - Legal Entities -Trusts
Formation and acquisition of companies in Cyprus and abroad (Press link) or fill form online.
Corporate structuring and reorganization.
Registration of CIF public companies (ICIS) with stock exchange and emerging stock exchange
(Press here to redirect to the Central Bank of Cyprus Website for instructions.
or Download the Guidance Notes and The Law directly).
Opening and administration of Bank accounts, e-bank services.
Corporate management and full domiciliation services.
Shareholder agreements and corporate governance.
Capital raising transactions.
Venture capital financing.
Public and private offerings of securities and securities law compliance, takeovers, mergers and acquisitions.
Management buy-outs and earn outs.
Formation and use of trusts.
Commercial
International tax planning
Joint ventures
Partnership formation and dissolution
Cross border transactions and strategic alliances
Insolvency
Dissolutions
Agency and distribution agreements
Information and know-how technology
Intellectual property rights, patents and trademarks
Change of legal seat

Corporate Corporate Our Law Company offers to its clientele extensive experience in corporate and commercial law both in Cyprus and abroad. The favourable tax regime of Cyprus, its extensive network of double tax treaties, its membership in the European Union offers great opportunities for doing business thro...

https://silaw.com.cy/?service=shipping

We provide advise to shipowners, charterers, carriers, ship managers, forwarders and their respective insurers and assist to resolve commercial and legal matters. We maintain contacts with prominent law firms overseas that enables our office to act as coordinator in concurrent litigation in different jurisdictions.

Our advice and assistance extends to all types of maritime and shipping matters :
Registration of ship owning companies.
Registration of any kind vessels and choice of flag.
Preparation of shipbuilding contracts and acquisition of new tonnage.
Matters relating to the financing, ownership and operation of ships and related security documentation.
Marine insurance advice in connection with the coverage of marine, hull, P & I and cargo insurance and claims under marine policies.
Tax considerations.
Aviation:
We also provide advise on matters related to aviation.
Aircraft acquisition, registration, operation and financing.
Ship-Owning Companies/ Tonnage Tax
For ship-owning companies, the profits derived by the owner of a ship registered in the European Union or European Economic Area (EEA) (as well as other foreign jurisdictions, subject to conditions) from its operation/charter out are fully exempt from all direct taxes. The term ‘owner’ includes a bareboat charterer of a non-Cyprus flag vessel parallel registered in Cyprus. A similar exemption applies to charterers and ship managers.|

Bareboat charter out agreements remain eligible for tonnage tax, with restrictions introduced for bareboat charter agreements to third parties. Grandfathering provisions are applicable for existing contracts that are captured by these restrictions.

Instead of Corporate Income Tax (CIT), ship owners, charterers, and managers pay tonnage tax on the net tonnage of the ships they own, charter, or manage. In addition, there is no tax on dividends paid at all levels of distribution by the above persons out of profits subject to tonnage tax and there is no taxation on the sale or transfer of a ship, share in a ship, or shares in a ship-owning company and their distributions. The same legislation also provides for income tax exemption of the salaries and benefits of the captain, the officers, and the crew aboard Cyprus and EU/EEA qualifying flag vessels engaged in qualifying activities.

This treatment applies until 31 December 2029 and is compulsory for Cyprus flag ship owners, but optional for other ship owners, charterers, and ship managers.

Shipping Shipping We provide advise to shipowners, charterers, carriers, shipmanagers, forwarders and their respective insurers and assist to resolve commercial and legal matters. We maintain contacts with prominent law firms overseas that enables our office to act as coordinator in concurrent litigation in....

Our Law Company (Firm) wish you Happy New Year 2022!!

https://silaw.com.cy/?service=corporate

Our Law Company offers to its clientele extensive experience in corporate and commercial law both in Cyprus and abroad. The favourable tax regime of Cyprus, its extensive network of double tax treaties, its membership in the European Union offers great opportunities for doing business through Cyprus on a worldwide basis and in particular in Central and Eastern Europe and the CIS countries. The firm has extensive experience in advising and assisting corporations to expand in Central and Eastern Europe and the CIS, and Central and Eastern European corporations to expand in other parts of the world, including the EU. Our office can play a key role in this respect.

Please do not hesitate to contact us in order to receive our prices.
We can assist for the following
Companies - Legal Entities -Trusts
Formation and acquisition of companies in Cyprus and abroad (Press link) or fill form online.
Corporate structuring and reorganization.
Registration of CIF public companies (ICIS) with stock exchange and emerging stock exchange
(Press here to redirect to the Central Bank of Cyprus Website for instructions.
or Download the Guidance Notes and The Law directly).
Opening and administration of Bank accounts, e-bank services.
Corporate management and full domiciliation services.
Shareholder agreements and corporate governance.
Capital raising transactions.
Venture capital financing.
Public and private offerings of securities and securities law compliance, takeovers, mergers and acquisitions.
Management buy-outs and earn outs.
Formation and use of trusts.
Commercial
International tax planning
Joint ventures
Partnership formation and dissolution
Cross border transactions and strategic alliances
Insolvency
Dissolutions
Agency and distribution agreements
Information and know-how technology
Intellectual property rights, patents and trademarks
Change of legal seat

Corporate Corporate Our Law Company offers to its clientele extensive experience in corporate and commercial law both in Cyprus and abroad. The favourable tax regime of Cyprus, its extensive network of double tax treaties, its membership in the European Union offers great opportunities for doing business thro...

https://silaw.com.cy

About Us

Stelios Ieronymides & Associates LLC
The Law Company (Firm) is run by Stelios leronymides LL.B, LL.M, a former elected Deputy Mayor of Nicosia, the capital of Cyprus and former Member of Parliament.

The Firm over the years has established itself as one of Cyprus’ major legal Offices in company and commercial works, and is one of the largest Firms in the field of formation, registration and administration of International Business Corporates according to the official Governmental records in Cyprus. We also maintain representation, contacts and associates in Moscow, Kiev, London, Athens, Riga, Tallin, Geneva, Zurich and other thirteen countries worldwide.

The Firm provides extensive legal services for domestic and international clientele, with efficient, effective, fast and quality advice, offering English, Russian, French, Greek and Latvian speaking personnel to meet the needs and requirements of the clients as the case may be.

The Firm’s clientele include trading companies, Banks, airlines, financial institutions, ship-owners and property owners and other individuals.

Cyprus, a member of the European Union is one of the very developed International Business centres in the world maintaining the lowest taxation all over Europe with 12.5% on the clear profits where in some instances goes down to 0%.

Our Law Company being at the forefront of these developments established among others a number of management companies i.e S.I. CYLAW SERVICES LIMITED, S.I. CYLAWSERVICE (NOMINEES) LIMITED, PLAN TRUST SERVICES LIMITED as well as other such companies and fiduciaries, regulated by Cyprus Bar Association, in order to provide services of nominee directorship, secretarial and related management services of the entities in accordance with the clients requirements. We also established a dynamic tax-planning and accounting department for advice and the needs of our clientele.

Home The Law Company (Firm) is run by Stelios leronymides LL.B, LL.M, a former elected Deputy Mayor of Nicosia, the capital of Cyprus and former Member of Parliament. The Firm over the years has established itself as one of Cyprus’ major legal Offices in company and commercial works, and is one of the ...

Our Law Company (Firm) wish you Merry Christmas!!

https://silaw.com.cy/?service=tax

Our Law Firm has an extensive record for high quality, tax advice and tax planning, as well as experience in negotiating and handling tax disputes
Our clientele is of a wide range of business activities including of corporate, companies, legal entities, property, shipping, banks, airlines, trading, services and industrial sectors.
We offer assistance in all aspects of their worldwide business development, from establishing their own representative office to any kind of agreements, joint ventures, mergers acquisitions or redomiciliation.
We covered activities from the USA to the Far East, with attention on expansion in the countries of Central and Eastern Europe and CIS.
Through our close co-operation with International Fiscal Services (IFS), specialists in international fiscal law, we offer services to our clients for structuring their international, cross-border activities and comprehensive tax planning in the most favourable manner.
Taxation - Standard rate at 12,5%
Corporate income tax (CIT):
Corporates in Cyprus are taxed on their income accrued or derived from all sources in Cyprus and abroad.

A non-Cyprus tax resident company is taxed on income accrued or derived from business activity that is carried out through a PE in Cyprus and on certain other income arising from sources in Cyprus.

The standard CIT rate in Cyprus is 12.5%.

For ship-owning companies the profits derived by the owner of a ship registered in the European Union or European Economic Area(EEA) (as well as other foreign jurisdictions, subject to conditions) from its operation/charter out are fully exempt from all direct taxes. The term “owner” includes a bareboat charterer of a non-Cyprus flag vessel parallel registered in Cyprus. A similar exemption applies to charterers and ship managers.

Cypriot tax residences:

The income of the first €19,500 is tax free. Interest and dividends are liable to “defence contributions” but no income tax.

No capital gains tax on the sale of shares. In property only real estate Cyprus is taxed.

No inheritance tax.

Double Taxation Agreements
Cyprus has a network of double taxation treaties aiming to protect against the risk of a corporate entity or an individual being taxed twice where the same income is taxable in two states and further prevent tax discrimination against Cyprus-based-registered business interests abroad. They are important tools for tax planning and constitute a substantive advantage for Cyprus.

Cyprus has concluded double tax treaties with over 50 countries, whilst a further 40 are currently being negotiated. Most of these tax treaties, follow the OECD Model Convention, although the US-Cyprus tax treaty the most recent Model of United States Agreements.

Tax Our Law Firm has an extensive record for high quality, tax advice and tax planning, as well as experience in negotiating and handling tax disputes

https://silaw.com.cy/?service=investment-schemes

New strategy for investors
The Cyprus Government in October 2021 presented a new strategy for attracting business with emphasis among others on innovation, shipping, high technology pharmaceutical, research and development, in an attempt to turn Cyprus into sustainable business and trade centre in the middle East and also Europe. The strategy includes 12 targeted actions in five pillars. The strategy is fully in line with the E.U legislation, the Long-Term Growth Strategy 2035 and the guidelines of the European commission, the Recovery and Resilience Fund. Eligible for inclusion in the scheme are foreign entities operating in Cyprus or those planning to operate, that have offices housed independently of other business and not provide homes.

Investment Incentives:
Simplification of procedures
Employment
Residence
Taxation
Citizenship
Simplification of procedures:
The scheme includes acceleration procedures and facilitation unit that will provide services to set up a company, VAT and income tax registration, and social insurance registration and also to set up substance in Cyprus and expedite employment, residence permits and related applications.

Employment
The scheme allows employment of third-country nationals as long as they do not exceed 30 per cent of the total support staff and the parties have made an agreement that is approved by the authorities.

Residence
Residence permit maybe allow either by purchasing a house or apartment for €250.000 without the right of working or due to employment. The duration of residence for either category will be three years renewable.
The third country nationals will have the right to have their family. Also,
An immitted and free access to the job market, to spouses whose partner make at least €2.500 cross per month.
All above in acceleration process to secure employment permits, and social security.

Taxation
Tax breaks will be extended for investment in innovative businesses. Law taxation will continue apply while, individuals staying in the Republic for a period that exist 183 days during the same tax year they will be considered tax residence of Cyprus, enjoying all the tax benefits, provided there are not tax residence elsewhere. Investors will gain the right to apply for citizenship after leaving and working in the Republic for five years instead of the current seven.

Citizenship
The Government of Cyprus abolished the existing investment program for naturalization by exemption and formulated a citizenship scheme which is in complete harmonization with E.U Legislation aimed at a high net worth individuals and investors. In view of this the right to apply for citizenship after living and working in Cyprus is reduced to five years instead of the seven and for those holding a recognised certificate of the Greek language will be able to apply within 4 years.

Investment Schemes The Cyprus Government in October 2021 presented a new strategy for attracting business with emphasis among others on innovation, shipping, high technology and research, and development, in an attempt to turn Cyprus into sustainable business and trade centre in the middle East and also Europe

https://silaw.com.cy/?service=real-estate

We provide extensive legal assistance to our clients on all aspects of commercial and domestic properties on matters of Real Estate we deal with freehold and leasehold properties (houses, buildings, apartments or land), including contracts and agreements, transactions and disputes, involving commercial and residential properties and provision of a comprehensive service to non-resident purchasers and sellers of property (houses, buildings, apartments or land) in Cyprus. Our office can provide you with the services of a qualified registered estate agent.

Our services include:
Estate Agency Law.
Preparation and drafting of sale agreements on behalf of purchasers or sellers.
All matters in relation to the acquisition of immovable property by non-Cypriots including applications for residence permits.
Conveyance.
Estate administration.
Wills, probate and re-sealing’s.
Property management for non-residents.
Appearance before any related Authorities in Cyprus including the Lands Registry.

Real Estate Real Estate We provide extensive legal assistance to our clients on all aspects of commercial and domestic properties on matters of Real Estate we deal with freehold and leasehold properties (houses, buildings, apartments or land), including contracts and agreements, transactions and disputes, invol...

https://silaw.com.cy/?service=litigation

Our Law Company has an extensive litigation practice, covering all aspects of commercial, civil, family, inheritance and criminal law. We closely work with our clients to resolve disputes in a timely and effective manner through constant assistance and effective legal advice. We have the background to handle complex and urgent litigation before any Court level or Tribunal and we bear the experience in a wide variety of claims and disputes.

When appropriate, we avoid lengthy Court actions by seeking economic and possible legal alternatives to full scale litigation. These alternatives include summary trials, interlocutory remedies, arbitration or mediation as well out of Court settlements as other forms of dispute resolutions.

The Law Company undertakes not only domestic but also international arbitrations under internationally recognized arbitration bodies.

We deal with:
Company and Partnership disputes
International trade law, trusts and equity
Admiralty claims and disputes
Employers liability
Insurance claims and disputes
Personal, property, cargo, motor, traffic accidents, personal injury claims
Torts
Family law related disputes such as divorces, alimony, separation, custody, injunctive relief, maintenance and lump sum settlements, as well as ante naptual agreements
Debt collection
Criminal law
Contracts and agreements disputes
Banking and finance disputes
Hire purchase agreements
Bankruptcy and insolvency law
Immovable property disputes and all other matters in relation to property such as land law cases, rent control, compulsory acquisition, construction, breach of contracts, conveyance
Administration and ex*****on of wills and disputes of inheridance and wills
Disputes in relation to torts

Litigation Litigation Our Law Company has an extensive litigation practice, covering all aspects of commercial, civil, family, inheritance and criminal law. We closely work with our clients to resolve disputes in a timely and effective manner through constant assistance and effective legal advice. We have the....